8-K

ENBRIDGE INC 8-K Report (Feb 3, 2014)

Filed February 3, 2014For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

Enbridge Inc. (ENB) filed a Form 6-K on February 3, 2014, which included two press releases. The first, dated January 23, 2014, announced Enbridge's intention to webcast its 2013 year-end financial results on February 14, 2014. This provides investors with an upcoming opportunity to hear management's discussion of the company's performance and outlook. The second press release, dated January 30, 2014, detailed significant regulatory approval for Enbridge Gas Distribution's Greater Toronto Area (GTA) Project. This approval from the Ontario Energy Board (OEB) allows for crucial upgrades to the natural gas distribution system serving millions of customers, aiming to enhance reliability, accommodate growth, and potentially provide access to lower-cost natural gas supplies. The project is slated for construction between late 2014 and October 2015.

Key Highlights

  • 1Enbridge Inc. announced its 2013 year-end financial results webcast and conference call would be held on February 14, 2014.
  • 2The company is incorporated in Canada and files annual reports on Form 40-F.
  • 3Enbridge Gas Distribution received approval from the Ontario Energy Board (OEB) for a significant GTA Project.
  • 4The GTA Project involves upgrading the natural gas distribution system in the Greater Toronto Area to serve two million customers.
  • 5The project aims to enhance system reliability and accommodate future growth in the GTA.
  • 6The approved project is expected to provide access to lower-cost natural gas supply for Ontario and Quebec.
  • 7Construction for the GTA Project is scheduled to begin in late 2014 and conclude by October 2015.

Frequently Asked Questions

The primary purpose of this Form 6-K filing was to provide investors with two important press releases: one announcing the upcoming webcast of Enbridge's 2013 year-end financial results, and another detailing the approval of the Enbridge Gas Distribution GTA Project.

The approval of the GTA Project by the Ontario Energy Board is significant as it allows Enbridge Gas Distribution to undertake crucial upgrades to its natural gas distribution network in the Greater Toronto Area. This project is expected to improve system reliability, support continued customer growth, and potentially lower natural gas costs for a large customer base across Ontario and Quebec.

Enbridge Inc. was scheduled to webcast its 2013 year-end financial results and hold a conference call on Friday, February 14, 2014, at 7:00 a.m. Mountain Time / 9:00 a.m. Eastern Time.

Construction for the Enbridge Gas Distribution GTA Project is anticipated to commence in late 2014 and is expected to be completed by October 2015.